💰Printing more money leads to inflation and devalues the dollar.
🌍The removal of gold as the backer of the dollar allowed unlimited government spending.
💸Higher interest rates will bankrupt governments and individuals with debt.
🔒We are in a late stage of the process where everything breaks down and a monetary reset may be necessary.
📈In a healthy economy, prices of goods should go down due to increased efficiency, not inflation.
What is causing inflation?
—Inflation is primarily caused by printing more money, which devalues the currency and increases the cost of living.
Why did the removal of gold as the backer of the dollar lead to unlimited government spending?
—Without the gold standard, governments can create as much new currency as they want, leading to excessive debt and spending.
What will happen if interest rates continue to rise?
—Rising interest rates will increase interest costs for governments and individuals, potentially leading to bankruptcy.
What is the current state of the monetary system?
—The current monetary system is broken, with excessive debt and unsustainable practices. A monetary reset may be necessary to fix it.
Should people be concerned about inflation?
—Yes, people should be concerned about inflation as it erodes the value of their money and increases the cost of living.
00:00John Rabino, macro monetary analyst and author, shares his insights on inflation, the debt crisis, and the future of the dollar.
05:30Printing more money leads to inflation and devalues the dollar.
09:40The removal of gold as the backer of the dollar allowed unlimited government spending.
14:20Higher interest rates will bankrupt governments and individuals with debt.
19:10We are in a late stage of the process where everything breaks down and a monetary reset may be necessary.
25:45In a healthy economy, prices of goods should go down due to increased efficiency, not inflation.
